All Forum Posts by: Patrick Thomas Dickinson

How is the rental demand in Conroe Texas area right now? And adjacent cities?

The listing is currently listed as pending on zillow so I guess the builder has already created a listing for it. I read that I cannot create a double listing as you guys mentioned above. Short of having the builder remove themselves from the listing is there any other places you might advertise. IE craigslist, etc. Like mentioned above I know its going to take sometime to place a tenant so I am just trying to get the process started earlier so there is limited vacancy. 

Hi everyone,

Closing on a new build single family property in Conroe Texas on August 28th, 2021, with keys being mine August 30th. When should I list the property on zillow, realtor, redfin, trulia etc. I will be placing a tenant myself and would like to establish a list of qualified candidates sooner than later so that I do have a vacant home for an extended period of time. Any thoughts on this. 

Hey everyone, 

So here's what I got. 

I will be closing on a new construction property in Texas roughly at the end of August 2021 in Conroe Texas. This date can be pushed back a little based on construction issues, but I should know with a few weeks prior to its completion. My goal is to immediately get it on the market for rent. I live in California and I probably will end up flying out to Conroe Texas for a week or so to show the house to prospective tenants. Id like to set it up so that I have multiple tenants come during the period of time that I am in Texas. I also have local realtor who offered to help me with tenant placement etc. My question to you bigger pockets users are: 

1. How much money do realtors usually want to help place tenants for you. Is it really even necessary. I placed my tenants in my last rental without help from anyone but that house was my primary residence that I ended up renting out so I was there a lot more. Any thoughts on this. 

2. Property management/ vs self managment from out of state. The house is brand new so I figure there should be to many issues and the home comes with a warranty 1 year initially. My lease with the tenants will read that tenants must be present to let in repair companies if something did break. It  seems doable to self manage to me. 

any other thoughts or similar experiences you may have dealt with 

Is anyone familiar with Jacksonville Florida. I am preapproved, have an agent and I am looking at Multifamily property in Jacksonville. 

questions I have. 

What have been your experiences investing in Jacksonville 

Any other areas of Florida that you would recommend looking at 

Zip codes to avoid in Jacksonville buying in 

Any recommended contractors/ property managers in the area. 

Any suggestions on finding a good team of agents , property managers , contractors etc 

Hey everyone ,

This my officially my first bigger pocket posts in the forums, I am sure there will be many more.  Ill make this short and sweet.

I own one single family home in California in the Bay Area that  has decent cash flow and Looking to buy second property wondering peoples thoughts. ? 

Single family vs multifamily - I am leaning towards multifamily your thoughts 

Best markets for single family in the U.S 2021 

Best markets for multifamily in the U.S as of 2021 

I am currently pre approved for 350k. My down payment will be 25% on the property 

Ive been in contact with agents in florida, texas and ohio already. 

How are you analyzing your deals quickly being that there are so many homes out there ?  I want to be able to say yes or no quickly based on the numbers. 

Thanks for any feedback on any of my questions 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $370,000
Cash invested: $110,000
Sale price: $370,000

Purchased this single family home in 2015 in a suburb of the San Francisco Bay Area.

What made you interested in investing in this type of deal?

up an coming city in the bay area, increasing population

How did you find this deal and how did you negotiate it?

mls

How did you finance this deal?

conventional loan

How did you add value to the deal?

improved condition of the property

What was the outcome?

still own property

Lessons learned? Challenges?

property taxes get reassessed when you buy a home. sti

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

aki lewis